Keywords: Payments
President Donald Trump’s proposal to provide a $5,000 payment to every American adult has caught senior Republicans by surprise, raising questions over the cost, funding and economic consequences of the plan ahead of the U.S. midterm elections. The proposed initiative, which could cost around......
The US federal budget deficit reached approximately $2 trillion during the first 11 months of fiscal year 2026, according to figures released by the Congressional Budget Office, highlighting the continued pressure on the country’s public finances despite stronger government revenues. The deficit......
PayPal is reducing its workforce in India as part of the transformation plan initiated by the payments group. Approximately 220 employees are affected by this latest round of job cuts, as the company seeks to sustainably reduce its costs and accelerate the integration of artificial intelligence and automation. PayPal......
India is gearing up for a new evolution of its instant payment infrastructure. A system could allow artificial intelligence agents to automatically carry out certain low-value transactions on UPI, without requiring human validation for each operation. The project may be presented soon in Mumbai. The......
The Central Bank of Russia has presented the official logo of the digital ruble, marking another step in the country’s preparations for the broader rollout of its central bank digital currency. The new symbol combines the ruble sign with a circular design featuring the bank’s distinctive......
The United States is facing growing pressure to address its rapidly increasing national debt, which has exceeded $40 trillion, raising concerns that lawmakers could eventually be forced to adopt politically difficult measures to stabilize the country’s finances. The warning comes as the federal......
TikTok appears to be exploring a broader role in digital financial services, with the social media platform reportedly developing a feature that could allow users to send money directly to one another through private messages. The potential service was identified through an analysis of hidden code in......
Visa must now rethink its stablecoin infrastructure strategy. The American payment giant is seeking a new partner capable of facilitating settlement and liquidity operations in stablecoins, following the acquisition of BVNK by its main competitor, Mastercard. The deal, finalized on August 3, 2026, illustrates......
India’s central bank has brought an early end to a major foreign currency fundraising programme after stronger-than-expected inflows improved the country’s external position, while analysts warned that extending the initiative could have created new policy challenges. The Reserve Bank of......
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